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Finance minister forms committees to receive appeals on property tax value

  /  August 27, 2014  /  Business  /  No Comments

The number of members of the appeal committee will be reduced to three instead of five, ministry says

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Unified licence to be launched in September: Communications ministry

  /  August 27, 2014  /  Technology  /  No Comments

The three mobile service operators have agreed to the licence’s terms for offering landline services

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Number of hunger-strikers grow

  /  August 27, 2014  /  Egypt, Politics  /  No Comments

Tanta prisoner Diaa al-Mahdi joins activists in refraining from food

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Orascom Development Holding registers first profit since 2010

  /  August 27, 2014  /  Business  /  No Comments

The Swiss hotel operator is expecting an improvement in the hotel performance during the second half of 2014

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Mehleb given partial presidential jurisdiction

  /  August 27, 2014  /  Business  /  No Comments

Prime minister is now freely allowed to act upon state’s properties, expropriate the ownership of properties for the public benefit and protect monuments

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Latest

Saudi-based CPC buys Qalaa’s Sphinx Glass for EGP 1.3bn

  /  August 25, 2014  /  Business  /  No Comments

Qalaa Holdings sells Sphinx Glass in line with its framework to abandon “non-core” projects

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Latest

Tahya Masr donations yet to exceed EGP 5bn: Fund board member

  /  August 25, 2014  /  Business  /  No Comments

Salah Diab says board of directors are still reviewing how the fund will be used

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‘Port Said Massacre’ retrial pushed back to 21 September

  /  August 23, 2014  /  Egypt, Politics  /  No Comments

11 defendants retried after being convicted in absentia

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Public execution of Egyptian in Libya demonstrates ‘lawlessness’: Amnesty International

  /  August 23, 2014  /  Egypt, Politics  /  No Comments

Man executed in football stadium in eastern port city Derna

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Al-Sisi amends Property Tax Law to exempt owning EGP 2m in one unit

  /  August 20, 2014  /  Business  /  No Comments

Amended law says hotels, clubs, hospitals, medical centres and clinics affiliated to the armed forces are exempted from paying taxes

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Latest

Supply ministry develops SMS service informing citizens with monthly shares

  /  August 19, 2014  /  Business  /  1 Comment

The new service will reply citizens’ inquiries on all the services provided by the ministry

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Former supply minister Ahmed Al-Goueli passes away

  /  August 19, 2014  /  Business  /  1 Comment

Al-Goueli fought and targeted importers of rotten meat in the 1990s

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Tourism minister denies offering Egyptian citizenship for sale to foreign investors

  /  August 17, 2014  /  Business  /  No Comments

Hisham Zaazou says that if security, judicial and economic authorities approved the project, it can be sent to the cabinet for ratification

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Latest

3.7% rise in public sector employees in FY 2013/2014: CAPMAS

  /  August 17, 2014  /  Business  /  No Comments

Number of employees working for government reached 5.752 million, according to the statistics agency

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Popular Front of the Suez Canal Axis considers 1 year timeline for new canal ‘enough’, but economists hold doubts

  /  August 16, 2014  /  Business  /  1 Comment

One year is enough because feasibility, technical studies are done, says Popular Front of the Suez Canal Axis member

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Latest

Yields of Suez Canal investment certificates to be paid after one year: CBE governor

  /  August 16, 2014  /  Business  /  No Comments

Hisham Ramez says 12% interest rates of investment certificates is highest in banking sector to lure participation

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Latest

Russian wheat supply to cover Egypt needs until July 2015: Grain Industry chairman

  /  August 13, 2014  /  Business  /  2 Comments

Vladimir Putin says Russia will supply Egypt with 5m tons of wheat throughout the year

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Latest

Overdue petroleum debts behind increasing power outages: Egyptera director

  /  August 12, 2014  /  Business  /  No Comments

New electricity stations will join the national grid to reduce power cuts, says minister of electricity

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Latest

Egypt concludes foreign fundraising for Assiut power station with $55m OPEC loan

  /  August 10, 2014  /  Business  /  2 Comments

OPEC’s latest loan brings the total amount of fund provided by the international organisation to Egypt to $450m

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Rafah border open to aid Gaza: Foreign ministry

  /  August 6, 2014  /  Egypt, Politics  /  2 Comments

Humanitarian aid pours in as ceasefire reaches second day

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Latest

Stock market surpasses 9000 points for first time since 2008

  /  August 5, 2014  /  Business  /  1 Comment

CEO of Catalyst Partners Finance and Stock denies relation between the surge and the Suez Canal Axis Development project inauguration

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Egypt, Saudi Arabia, UAE to discuss details of economic conference

  /  August 4, 2014  /  Business  /  2 Comments

Prime minister says conference will take place in either November or the beginning of 2015

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Mortgage finance down 17.1% year on year in first half of 2014

  /  August 4, 2014  /  Business  /  No Comments

The effect of the CBE mortgage finance initiative to finance low-income housing projects will be felt in the second half of the year, says Cairo University professor

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Al-Betagy, Hegazy torture trial postponed

  /  August 4, 2014  /  Egypt, Politics  /  1 Comment

Leading Muslim Brotherhood members accused of kidnapping and attempted murder

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Group vows to post blacklist of businessmen not donating to Long Live Egypt Fund

  /  August 3, 2014  /  Business  /  1 Comment

Campaign aims to prompt citizens to boycott companies and products of businessmen who did not donate to the fund

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Latest

Car sales register 56% year-on-year increase in June: AMIC

  /  August 3, 2014  /  Business  /  No Comments

Report says figures show a significant rise from the same time in 2013, with Chevrolet being the most popular brand

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Latest

Connections between Muslim Brotherhood and Islamic State: Ministry of Religious Endowments

  /  August 2, 2014  /  Egypt, Politics  /  2 Comments

Both groups use “vandalism, destruction and murder”, according to a new statement

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Latest

Car bomb explodes, another prevented in Giza

  /  July 30, 2014  /  Egypt, Politics  /  2 Comments

Rural village rocked by early morning explosion killing 3

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Latest

3 arrested during Friday protests

  /  July 26, 2014  /  Egypt, Politics  /  No Comments

Small demonstrations disbursed peacefully, says interior ministry

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Latest

‘The government…has little interest in financial support for housing’: EIPR

  /  July 23, 2014  /  Egypt, Politics  /  1 Comment

New report criticises Egypt’s affordable housing programmes

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